Case Study: Confluence Companies cuts legal bills and closes faster with ProDeal

Confluence Companies closes a $22 million loan in under 45 days with ProDeal

The customer, Confluence Companies, a Colorado-based multifamily real estate developer, faced the challenge of managing thousands of emails and documents across dozens of stakeholders on complex development deals. This cumbersome process led to items being missed and caused legal bills to pile up. Their goal was to find a technology to reduce costs and streamline closings without requiring their partners to learn a new, complex system. They turned to the vendor, ProDeal, for its deal management software.

ProDeal provided a solution that managed all due diligence, legal documents, and checklists for a major multi-family project. Using ProDeal's real-time checklist features, Confluence Companies closed a $22 million construction loan ahead of schedule in under 45 days and substantially cut its legal bills. As a result of these cost savings and the accelerated closing, ProDeal became Confluence Companies' standard deal management tool.

Confluence Companies